TBRL - Timber Lodge Steakhouse Message Board

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Microcap & Penny Stocks : TBRL - Timber Lodge Steakhouse

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To: BK who wrote (27)	2/23/1998 9:40:00 PM
From: Robert T. Quasius	Read Replies (1) of 42

I have been watching GBFC. There is a collar in place that limits both the upside and downside. The exchange ratio is 0.8, which yields a price of $6.50. However, there is a collar, so we would receive GBFC shares equivalent to a price of $7.50. GBFC's price has been rather depressed lately, perhaps due to considerable M & A activity. I'm curious whether the whole deal might go bust, or the exchange ration changed again before it's all over with, given the depressed state of GBFC's stock. Here's a link to a press release of the definitive merger agreement with the new terms. biz.yahoo.com

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